2019-04-15 | By newsstory | 116 Hits

French media conglomerate Vivendi posted higher firstquarter revenue on Monday and said it was forging ahead with the planned sale of up to 50 percent of its UMG music arm reports ReutersVivendi plans to sell the stake in UMG whose soaring profit has been a key driver of the groups stock price in order to maximise UMGs value and help fund the purchases of other businessesThe growing public thirst for subscription and adbased music streaming services and the recent signing of several major licence deals have put the owners of music rights >>READ MORE